161 High Street Elyria, OH 44035
- Added:
- Feb 12, 2026
- Days on Market:
- 59
- Last Refresh:
- Apr 12 at 5:06 pm
Property Features for 161 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Laundry Room, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1
- Window features
- Screens
- Interior features
- KitchenIsland, LaminateCounters, OpenFloorplan, Pantry, Bar
- Exterior features
- Lighting
- Appliances
- Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 06-24-027-108-032
- Size
- 2,432 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BRAMAN 60 X 168 15 Year Tax Abastement
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Building materials
- BlownInInsulation, Concrete, VinylSiding
- Roof type
- Asphalt
Listing agent Sharon Y Jebavy License #358029 (614) 432-7325
Listing office HomeWise Real Estate, LLC 16935 Reineke Schipper Road, Botkins, OH (614) 432-7325
Listing date Feb 12, 2026
MLS# 5186668
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Construction Duplex Investment
This newly constructed duplex, completed in December 2025, presents a turn-key investment opportunity. The property features two units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space, totaling 2,432 square feet. Situated on a 0.23-acre lot, both units are currently leased under 2-year agreements, generating a combined rental income of $3,000 per month, or $36,000 annually. The property delivers an 8%+ cap rate. A 15-year, 100% tax abatement is in place, reducing operating expenses. The new construction also includes a 1-year builder warranty. Located in Elyria, Ohio, this duplex offers stabilized income and strong returns.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.125422
- Latitude
- 41.383058
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turn-key duplex with strong cash flow and tax advantages.
Where is this duplex located?
The property is located at 161 High Street Elyria, OH.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Brand new construction duplex (completed December 2025) offering a true turnkey investment.; Strong cash flow with $3,000 monthly rental income ($36,000 annually) and an 8%+ cap rate.; 15‑year, 100% tax abatement, significantly reducing operating expenses.
